What is Retaining Washers Market?
Retaining washer is defined as the thin plate with a hole and widely used to distribute the load of a threaded faster such as screw and nut. It is also used as a wave washer, wear pad, locking device, preload indication device and reduce vibration. It has an outer diameter which is generally twice the width of their inner width. Various advantages associated with the use of retaining washers such as provide resistance to abrasion, resistant to corrosion, strong yet lightweight plastic and other benefits.
The market study is being classified by Type (Flat Retaining Washer, Formed Retaining Washer and Others) and major geographies with country level break-up.
Accurate Mfd Products (United States), TE-CO Manufacturing LLC (United States), Master Products Co (United States), E & T Fasteners (United States), Digi-Key (United States), Micro Plastics (India), Grainger, Inc. (United States), Nylon Fasteners Ltd (United Kingdom), Essentra PLC (United Kingdom) and Chuanghe fastener co. ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Seastrom Manufacturing Co Inc. (United States) and Boker's, Inc. (United States).
The market is fragmented by the numerous key players involved in the Retaining washer market such as Accurate Mfd Products (United States), TE-CO Manufacturing LLC (United States), Master Products Co (United States), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Retaining Washers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Retaining Washers market by Type, Application and Region.
On the basis of geography, the market of Retaining Washers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Awareness among the People about the Benefits of Retaining Washer
- Rising Adoption of Retaining washer Products in Various Applications
Market Trend
- Increasing usage of Retaining washer in the Automotive Industry
Restraints
- Issue related to Stringent Safety Regulation Regarding the Manufacturing of Retaining Washer Products
Opportunities
- Growing Demand from Emerging Economics Market such as China and India
- Increasing Research & Technological Advancements in the Retaining washer Industry
Challenges
- Issue related to High Prices of Retaining Washer Products and Lack of Awareness of Retaining Washer Products
Key Target Audience
Raw Material Suppliers and Distributors, Retaining Washer Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others